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Taiwan News Morning Briefing – April 28

Taiwan's economy continued on a path of moderate growth in March, although risks increased, with a set of indicators used to monitor the country's bus...

Taiwan's economy continued on a path of moderate growth in March, although risks increased, with a set of indicators used to monitor the country's bus...

Market & Commodity ■ The Taiwan Stock Exchange (TWSE) main index opened 31.53 points higher to 10,004.65 on Tuesday, with turnover reaching NT$2.50 billion. (Taiwan News) ■ U.S. stocks slumped on Monday as investors looked ahead to a flurry of earnings reports this week. Health care companies led the declines. It was a downbeat note after strong gains last week, capped by a record in the Nasdaq composite, 15 years after its dot-com era peak. The Dow Jones industrial average fell 42.17 points, or 0.2 percent, to close at 18,037.97. The Standard & Poor's 500 index fell 8.77 points, or 0.4 percent, to 2,108.92. The Nasdaq fell 31.84 points, or 0.6 percent, to 5,060.25. (AP) World News ■ Many international aid agencies are rushing to get crucial supplies to survivors of Nepal's devastating earthquake, which has claimed more than 3,700 lives. Nearly 100 aftershocks, including a magnitude-6.7 temblor Sunday, have hindered rescue efforts and terrorized residents sleeping in open squares and parks. (Taiwan News) ■ Malaysia's leader says Southeast Asian countries will avoid direct confrontation with China but push for a quick conclusion to a binding code of conduct to govern behavior in the disputed waters of the South China Sea. (AP) ■ Australia says it wants corruption allegations against Indonesian judges investigated before their death sentences against two Australian drug traffickers are carried out. (AP) ■ Preliminary results of weekend polls in Kazakhstan show the long-ruling president confirming his incumbency with 97.7 percent of the vote amid a record turnout. (AP) ■ Greece's prime minister voiced hope that bailout talks between the cash-strapped country and its international creditors are "very close" to an initial deal, and ruled out early elections if the dragging negotiations fail. (AP) Local News ■ White smoke billowed from the 3rd Nuclear Power Plant in Hengchun early Monday as a fire in a transformer knocked one of the plant’s two reactors off line briefly. The plant’s fire brigade quickly extinguished the fire, but power output was limited as engineers and technicians worked to replace damaged sections of the plant’s power transmission system. (Taiwan News) ■ A study commissioned by the Ministry of Economic Affairs (MOEA) warns that the drive to achieve a nuclear-free homeland by 2025 could result in lower economic growth rates and higher levels of pollution in the future. The study, which assumes that Taiwan’s three currently-operating nuclear power plants will be decommissioned by that year and the Fourth Nuclear Power Plant does not go into operation, predicts that weaning the island from nuclear power will bring a decline of 0.5% in the domestic GDP, while electricity prices could rise by more than 10%. (Taiwan News) ■ Kuo-kuang Bus Company plans to dismantle its West Terminal at Taipei Station by June next year, and as things stand now the 1813 and 1815 bus lines are the only ones that Keelung and Taipei agree will continue service to Taipei Station. On Sunday Keelung City Councilor Lu Mei-ling appealed to Taipei Mayor Ko Wen-je to explain how the Taipei City Government plans to handle its end of bus travel between the two cities in the future. Ko told Lu that the government will consider any inputs Lu has to offer in the issue. (Taiwan News) ■ The vast majority of the members of an independent airline pilots union in Taiwan has voted to go on strike, threatening to disrupt the operations of China Airlines (CAL), Taiwan's biggest airline, beginning next month. The result marks the first time in Taiwan's history that local airline employees acted on their legal right to strike. (CNA) ■ Pingtung County authorities will take legal action against Taiwan's third nuclear power plant for failing to report an accident in the plant that could have harmed public safety, a spokesman for the county government said Monday. (CNA)


Updated : 2021-09-27 04:55 GMT+08:00